comment on neil h. buchanan#226; s social security and government.pdfVIP

Cornell Law R eview Volume 92 Article 5 Issue 2 J anuary 2007 Comment on Neil H. Buchanan s Social Security and Government Deficits: When Should We Worry Benjamin A . Templin Follow this and a itional works at : /clr Part of the Law Commons Recommended Citation Benjamin A . Templin, Comment on Neil H. Buchanan s Social Security a nd Government Deficits: When Should We Worry, 92 Cornell L. Rev. 291 (2007) Available at : /clr/vol92/iss2/5 This Article is brought to you for free and open access by the Journals at Scholarship@Cornell Law : A Digital Repository. It has been accepted for inclusion in Cornell Law R eview by an authorized administrator of Scholarship@Cornell Law : A Digital Repository. For more information, please contact jmp8@. COMMENT ON NEIL H. BUCHANANS SOCIAL SECURITY AND GOVERNMENT DEFICITS: WHEN SHOULD WE WORRY? Benjamin A. Templint Professor Neil Buchanan is not alone in questioning whether a Social Security funding crisis actually exists. Despite widely accepted predictions by the Social Security Administration, there is a small but growing cadre of respected scholars who are rightly skeptical of actua- rial figures geared to motivate policymakers toward a certain political agenda. However, even if Professor Buchanan and others are correct that there is no funding crisis, does that preclude prudent policymak- ers from applying sound money management principles to invest the Social Security Trust Fund in higher-performing assets? Professor Buchanan prefers to maintain the status quo as regards structural changes to Social Security f